Renormalization group in a fermionic hierarchical model in projective coordinates

We study the renormalization group action in a fermionic hierarchical model in the space of coefficients determining the Grassmann-valued density of the free measure. This space is interpreted as the two-dimensional projective space. The renormalization group map is a homogeneous quadratic map and has a special geometric property that allows describing invariant sets and the global dynamics in the whole space.