In this article, we study functional analytic properties of the meromorphic families of distributions $(\prod_{i=1}^p (f_j+i0)^{\lambda_j}){(\lambda_1,\dots,\lambda_p) \in ^p}$ using Hironaka’s resolution of singularities, then using recent works on the decomposition of meromorphic germs with linear poles, we renormalize products of powers of analytic functions $\prod{i=1}^p(f_j+i0)^{k_j}, k_j \in $ in the space of distributions. We also study microlocal properties of $(\prod_{i=1}^p (f_j+i0)^{\lambda_j}){(\lambda_1,\dots,\lambda_p)\in^p}\prod{i=1}^p (f_j+i0)^{k_j}, k_j \in $. In the second part, we argue that the above families of distributions with \emph{regular holonomic singularities} provide a universal model describing singularities of Feynman amplitudes and give a new proof of renormalizability of quantum field theory on convex analytic Lorentzian spacetimes as applications of ideas from the first part.

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