Celestial Holography Revisited II: Correlators and K\"all\'en-Lehmann

In this work we continue the investigation of the extrapolate dictionary for celestial holography recently proposed in [2301.01810], at both the perturbative and non-perturbative level. Focusing on scalar field theories, we give a complete set of Feynman rules for extrapolate celestial correlation functions and their radial reduction in the hyperbolic slicing of Minkowski space. We prove to all orders in perturbation theory that celestial correlators can be re-written in terms of corresponding Witten diagrams in EAdS which, in the hyperbolic slicing of Minkowski space, follows from the fact that the same is true in dS space. We then initiate the study of non-perturbative properties of celestial correlators, deriving the radial reduction of the K\"all\'en-Lehmann spectral representation of the exact Minkowski two-point function. We discuss the analytic properties of the radially reduced spectral function, which is a meromorphic function of the spectral parameter, and highlight a connection with the Watson-Sommerfeld transform.