Markov chains with exponential return times are finitary

Omer Angel, Yinon Spinka

Published 2019-08-17Version 1

Consider an ergodic Markov chain on a countable state space for which the return times have exponential tails. We show that the stationary version of any such chain is a finitary factor of an i.i.d. process. A key step is to show that any stationary renewal process whose jump distribution has exponential tails and is not supported on a proper subgroup of $\mathbb{Z}$ is a finitary factor of an i.i.d. process.