This paper sets up a two agent small open economy with monopolistically competitive firms and catching up with the Joneses to investigate the labor and capital Laffer curve. taking into account aging population along the line of Auray et al. (2016). Gali and Monacelli (2005). https://www.hindigyanvishv.com/top-super-Centehua-Distressed-Southwestern-Aztec-Area-Rug-special-buy/