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Given two Hölder potentials and for the unilateral shift, we define anisotropic Banach spaces of distributions on the bilateral shift space with a finite alphabet. On these spaces, the transfer operator for the bilateral shift is quasicompact with a spectral gap, and the unique Gibbs state associated with spans its -eigenspace. This result allows us to establish exponential decay of correlations for Hölder observables and a wide range of measures on the bilateral shift space.

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