兩個by之間該如何解釋? - 翻譯

※ 引述《Bear2mi (屌)》之銘言：
: 原文是
: If we denote the exchange rate given by (15) by St(補充:St上有^) then (14) has
: ^^^^^^^^^^^^
: multiple rational expectations solutions of the form.

Try this way:

If we denote the exchange rate given by (15) by St,
then (14) has multiple rational expections solutions of the form...

要是我們用 St 代表從 (15) 求出的匯率，則 (14) 會有多個以[某種方程式]呈現的
rational expectations 解.

St 我猜是在 t 時的 S 值 (S at time t); (14), (15) 應該都是方程式。

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