Dynamic stochastic general equilibrium (DSGE) models are widely used by central banks and financial organizations to understand economic relationships. These models help analyze historical trends, forecast economic indicators, and formulate monetary policies. Despite some limitations, DSGE models are valuable for scenario analysis and policy-making. The National Bank of Kazakhstan finds these models particularly useful. The research discusses the structure of DSGE models, their advantages and disadvantages, and their application in countries with inflation targeting regimes. Developing and implementing DSGE models can enhance monetary policy decisions in Kazakhstan.