1- Armas, Adrian and Francisco Grippa (2005), "Targeting Inflation in a Dollarized Economy: The Peruvian Experience," Research Department Working Paper Series 538.
2- Bernanke, B. S., and Blinder, A. S. (1992), "The Federal Funds Rate and the Channels of Monetary Transmission," American Economic Review, 82(4).
3- Bernanke, B. S., and Mihov, I. (1995), "Measuring Monetary Policy," NBER Working Paper Series, Working Paper 5145.
4- Bernanke, B. S., Gertler, M., and Watson, M. (1997), "Systematic Monetary Policy and the Effects of Oil Price Shocks," Brookings Papers on Economic Activity, 1.
5- Baglioni, Fabio C., Carlo A. Favero. (1998), "Measuring Monetary Policy with VAR Models: An Evaluation," European Economic Review 42(6).
6- Bai, J. and Ng, S. (2002), "Determining the Number of Factors in Approximate Factor Models," Econometrica, 70(1).
7- Bernanke, B. S., Boivin, J., and Eliasz, P. (2003), "Measuring the Effects of Monetary Policy: a FAVAR Approach," Manuscript, Princeton University.
8- Bernanke Ben S., Jean Boivin, Piotr Eliasz (2004). Measuring the Effects of Monetary Policy: A Factor - Augmented Vector Autoregressive (FAVAR) Approach, NBER Working Paper 10220, National Bureau of Economic Research, Cambridge.
9- Bernanke, B. S., J. Boivin and P. Eliasz (2005), "Measuring the Effects of Monetary Policy: A Factor Augmented Vector Autoregressive (FAVAR) Approach," Quarterly Journal of Economics 120 (1).
10- Cochrane, J. H. (1994), "Permanent and Transitory Components of GNP and Stock Prices," Quarterly Journal of Economics, 109.
11- Christiano, L., Eichenbaum, M., and Evans, C. (1996), "The Effects of Monetary Policy Shocks: Evidence from the Flow of Funds," Review of Economics and Statistics, 78(1).
12- Clarida, R., Gali, J., and Gertler, M. (2000), "Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory," Quarterly Journal of Economics, 115.
13- Chauvet, M., and Potter, S. (2001), "Recent Changes in the U.S. Business Cycle," Staff Reports 126, Federal Reserve Bank of New York.
14- Canova, F., and De Nicolo, G. (2002), "Monetary Disturbances Matter for Business Fluctuations in the G7," Journal of Monetary Economics.
15- Diebold, F. X., and Rudebusch, G. D. (1996), "Measuring Business Cycle: a Modern Perspective," the Review of Economics and Statistics, 78.
16- Fabio C. Bagliano, and Claudio Morana, (2008), "Factor Vector Autoregressive Estimation: a New Approach," J Econ Interac Coord, 3.
17- Godfreind, M. and King, R. (1997), "The New Neoclassical Synthesis and the Role of Monetary Policy," NBER Macroeconomics Annual.
18- Gali, J., (2002), "New Perspectives on Monetary Policy, Inflation and Business Cycle," NBER Working Paper, No. 8767.
19- Hamilton, J. (1997), "Measuring the Liquidity Effect," American Economic Review, 87(1).
20- Hutchison, Michael M. and Walsh, C. (1998), "The Output-Inflation tradeoff and Central Bank Reform: Evidence from New Zealand," The Economic Journal, 108.
21- Hoggarth, G., Sorensen, S. and Zicchino, L. (2005), "Stress Tests of UK Banks Using a VAR Approach," Bank of England, Working Paper No. 282.
22- Ireland, P., (2001), "Money's Role in the Monetary Business Cycle," NBER Working Paper, No. 8115.
23- Kose, M. A., Otrok, C., and Whiteman, C. H. (2003), "International Business Cycles: World, Region, and Country-Specific Factors," American Economic Review, 93(4).
24- Korenok, O., Radchenko, S. (2004), "The Role of Permanent and Transitory Components in Business Cycle Volatility Moderation," Manuscript, Rutgers University.
25- Korenok, O., Radchenko, S. (2004), "Monetary Policy Effect on the Business Cycle Fluctuations: Output vs. Index Measures of the Cycle," Manuscript, Rutgers University
26- Leeper, E. M., Sims, C. A., and Zha, T. (1996), "What Does Monetary Policy Do?," Brookings Papers on Economic Activity, 2.
27- Lahura, E. (2010), "The Effects of Monetary Policy Shocks in Peru: Semi-Structural Identification Using A Factor – Augmented Vector Autoregressive Model," Banco Central De Reserva Del Peru, Working Paper Series.
28- McConnell, M. M., and Perez-Quiros, G. P. (2000), "Output Fluctuations in the United States: What has Changed since the Early 1980s?," American Economic Review, 90.
29- Minella, A. (2003). Monetary Policy and Inflation in Brazil (19752000): A VAR Estimation. Revista Brasileira de Economia, 57.
30- Mumtaz, H. & Surico, P. (2009), "The transmission of International Shocks: A factor-Augmented VAR Approach," Journal of Money, Credit and Banking, 41(1).
31- Orr, Adrian and David Rae (1996), "Exchange Rate Behavior under Inflation Targets," The National Bank of New Zealand Limited, Financial Research Paper No.6.
32- Sims, C. (1992). Interpreting the Macroeconomic Time Series Facts: The Effects of Monetary Policy. European Economic Review, 36(5).
33- Sims, C. A. (1998), "The Role of Interest Rate Policy in the Generation and Propagation of Business Cycles: What Has Changed Since the '30s? Conference Series, 42. Boston: Federal Reserve Bank of Boston.
34- Stock, J. and Watson, M. (2002). Forecasting Using Principal Components from a Large Number of Predictors. Journal of the American Statistical Association, 97(460).
35- Stock, J. and Watson, M. (2005). Implications of Dynamic Factor Models for VAR analysis. NBER Working Paper 11467.
36- Shibamoto, Masahiko. (2007). An Analysis of Monetary Policy Shocks in Japan: A Factor Augmented Vector Autoregressive Approach. The Japanese Economic Review 58(4).
37- Temin, P. (1998), "The Causes of American Business Cycles: an Essay in Economic Historiography," Conference Series, no. 42, Boston: Federal Reserve Bank of Boston.
38- Taylor, J. (2000), "The Monetary Transmission Mechanism and the Evaluation of Monetary Policy Rules," Working Papers Central Bank of Chile 87, Central Bank of Chile.
39- Uhlig, H. (2008), "Comments on has the Euro Changed the Monetary Transmission?," In NBER Macroeconomics Annual. NBER.
40- Walsh, Carl E. (2010), "Monetary Theory and Policy," 3rd ed. Cambridge: MIT Press.