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A dynamic stochastic general equilibrium model of Kazakhstan, Belarus and Russia, forming the Customs Union, and the rest of the world has been developed. The estimation of the model parameters has been done on the basis of statistics of Kazakhstan, Belarus, Russia and the rest of the world (in the case of the Organization for Economic Cooperation and Development). Macroeconomic analysis is conducted for effects of shocks on the economic performance of the national economy of Kazakhstan. Thedoi:10.7763/joebm.2015.v3.258 fatcat:u2jsbdvs3jbvvcya2qk255lgzi