Let $(X,\mathcal B,\mu)$ be a probability space, and let $T:X\to X$ be a measurable probability-preserving transformation, meaning $\mu(T^{-1}A)=\mu(A)$ for every $A\in\mathcal B$. Let $\mathcal B_0$ be a [Banach space](/page/Banach%20Space) of $\mu$-[measurable functions](/page/Measurable%20Functions) on $X$, continuously embedded in $L^1(X,\mathcal B,\mu)$, such that $1_X\in \mathcal B_0$. Suppose the transfer operator associated to $T$ preserves $\mathcal B_0$ and defines a [bounded linear operator](/page/Bounded%20Linear%20Operator)
Then there exist constants $C>0$ and $\rho\in(0,1)$ such that, for every $f\in\mathcal B_0$, every $g\in L^\infty(X,\mathcal B,\mu)$, and every integer $n\ge 0$,