Abstract

Let \({\mathcal{B}_{p,w}}\) be the Banach algebra of all bounded linear operators acting on the weighted Lebesgue space \({L^{p}(\mathbb{R}, w)}\), where \({p \in (1, \infty)}\) and w is a Muckenhoupt weight. We study the Banach subalgebra \({\mathfrak{A}_{p,w}}\) of \({\mathcal{B}_{p,w}}\) generated by all multiplication operators aI (\({a \in PSO^{\diamond}}\)) and all convolution operators W0(b) (\({b \in PSO_{p,w}^{\diamond}}\)), where \({PSO^{\diamond} \subset L^{\infty}(\mathbb{R})}\) and \({PSO_{p,w}^{\diamond} \subset M_{p,w}}\) are algebras of piecewise slowly oscillating functions that admit piecewise slowly oscillating discontinuities at arbitrary points of \({\mathbb{R} \cup \{\infty\}}\), and Mp,w is the Banach algebra of Fourier multipliers on \({L^{p}(\mathbb{R}, w)}\). Under some conditions on the Muckenhoupt weight w, we construct a Fredholm symbol calculus for the Banach algebra \({\mathfrak{A}_{p,w}}\) and establish a Fredholm criterion for the operators \({A \in \mathfrak{A}_{p,w}}\) in terms of their Fredholm symbols. To study the Banach algebra \({\mathfrak{A}_{p,w}}\) we apply the theory of Mellin pseudodifferential operators, the Allan–Douglas local principle, the two idempotents theorem and the method of limit operators. The paper is divided in two parts. The first part deals with the local study of \({\mathfrak{A}_{p,w}}\) and necessary tools for studying local algebras.

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