... measure of the realized daily return of the market index,mtr , and aset of 2τ + 1 daily event dummies, jktδ, k = - τ ,- τ+1,…, 0, …, τ -1 ,τ, which take the value of one for daysinside the ... responsibility of the authors and should not be interpreted as reflecting the views of the Board of Governors of the Federal Reserve System or of any other person associated with the Federal Reserve ... reverse themselves, the negative stock pricereaction is temporary. Over the 7- and 10-day event windows, the average CARs are +1.7% and +1.4% and statistically insignificant.At the bottom of Table...