The algebra of harmonic functions for a matrix-valued transfer operator
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We analyze matrix-valued transfer operators. We prove that the fixed points of transfer operators form a finite dimensional $C^*$-algebra. For matrix weights satisfying a low-pass condition we identify the minimal projections in this algebra as correlations of scaling functions, i.e., limits of cascade algortihms.
v2, corrected some typos
v2, corrected some typos