This paperWe have investigateds the baseband measurement techniques of the nonlinear vector network analyzer (NVNA) test bench, aiming to fully characterize the behaviors of RF power amplifiers and mixers under complex modulation. In order to involve the baseband measurement, two kinds of NVNA phase reference approaches are developed as alternative solutions, so that the baseband phase measurements can be synchronized with those of modulated components at fundamental and harmonic bands. In the first case, a modulated baseband signal is combined with another modulated multi-harmonic one to become the desired NVNA phase reference. While in the other case, a sweeping multisine is used as the primary phase reference, and assisted by an auxiliary one to obtain equivalently static NVNA phase measurements. To validate the proposed NVNA test bench, an RF power amplifier is tested by applying a large-signal LTE-like multisine drive, whose multi-band output measurements are compared with that using an oscilloscope. Moreover, an RF mixer is used as a second type of device under test to explore the application of this work.