2Sims C A. Macroeconomics and reality[J]. Econometrica: Journal of the Econometric Society, 1980(48): 1-48.
3Leeper E M, Sims C A, Zha T. What does monetary policy do?[J]. Brookings Papers on Economic Activity, 1996(2): 1-78.
4Bernanke B S, Boivin J, Eliasz P. Measuring the effects of monetary policy: A factor-augmented vector autore- gressive (FAVAR) approach[J]. The Quarterly Journal of Economics, 2005, 120(1): 387 -422.
5Gupta R, Jurgilas M, Kabundi A. The effect of monetary policy on real house price growth in South Africa: A factor-augmented vector autoregression (FAVAR) approach[J]. Economic Modelling, 2010, 27(1): 315 -323.
6Gupta R, Kabundi A, Ziramba E. The effect of defense spending on US output: A factor augmented vector autoregression (FAVAR) approach[J]. Defence and Peace Economics, 2010, 21(2): 135-147.
7Lombardi M J, Osbat C, Schnatz B. Global commodity cycles and linkages: A FAVAR approach[J]. Empirical Economics, 2010:1- 20.
8Dreger C, Fidrmuc J. Drivers of exchange rate dynamics in selected CIS countries: Evidence from a FAVAR analysis[J]. Emerging Markets Finance and Trade, 2011, 47(4): 49-58.
9Dave C, Dressier S J, Zhang L. The bank lending channel: A FAVAR analysis[R]. Villanova School of Busniess Economics Working Paper 4, 2009: 1-32.
10Eickmeier S, Lemke W, Marcellino M G. The changing international transmission of financial shocks: Evidence from a classical time varying FAVAR[R]. Discussion Paper Series 1: Economic Studies, 2010(5): 1-64.
