Consider the single-order low-pass digital filter with constant a1. It has a pole at -1/a1. Now consider putting it in a feedback loop. The overall transfer function of the resultant system has a pole and a zero and acts as a highpass filter. Now consider repeating this infinitely: at each step taking the resultant transfer function and placing it in a feedback loop. I call this recursive feedback loops.
No matter how many times you perform this recursion on a first order lowpass filter, it can only yield another first order system with at most one pole and one zero. What’s more, in the limit, both the pole and the zero are at -1/a1 * φ, where φ is the Golden Ratio. The following proof shows it.
A Basic First Order System
The block diagram for a generic single-order lowpass digital filter is given in the block diagram below.

The output, y, is delayed by one sample period and then multiplied by a1 and subtracted from the input, x. It can be described by the following difference equation.

Taking the Z-transform of this difference equation and rearranging terms gives the following transfer function, H0(z).

A feedback loop in general can have the following form,

Which has the transfer function,

So the first-order system is like a feedback loop with H(z) = a1*z-1.
Now what if we had a feedback loop inside a feedback loop? How does a system of feedback loops in recursion behave?
Feedback Loops in Recursion
So to have a feedback loop in recursion, we need to replace the H(z) in the picture above with the picture above itself. This would mean that the y[n] signal, the output would be on the left and the x[n] signal, the input would be on the right within that block. An illustration makes it easier to imagine.

Where H0(z) is the transfer function of the first order system given in the previous section.
To help figure out the transfer function for this equation, I’ve labelled an intermediate node, w[n]. The next two equations can be found by inspection from the figure above.

Where w[n-1] indicates the previous value of the signal w[n] because it has been delayed by one sample by the z-1 unit delay element. Taking the z-transform of each of those equations and substituting for W(z) gives,

And reducing algebraicly to find the transfer function, H1(z), yields,

Notice that

which fits the transfer function for a feedback loop with H0 in the feedback path.
In the Limit
So what does this system look like in the limit, that is, if you keep nesting a feedback loop within a feedback loop with a first-order lowpass system at the lowest level of it, does this converge to anything?
| Recursion Level |
Transfer Function |
Poles & Zeros |
| 0 |
 |
No zero pole = -1/a1 |
| 1 |
 |
zero = -1/a1 pole = -2/a1 |
| 2 |
 |
zero = -2/a1 pole = -3/(2*a1) |
| 3 |
 |
zero = -3/(2*a1) pole = -5/(3*a1) |
By looking at the first few levels of recursion a few interesting things are already apparent.
None of them has more than one pole or one zero
The pole and zero each seem to be converging for increasing recursion
Notice the following pattern in the poles: {1, 2, 3/2, 5/3, …} * (-1/a1). In fact if we carry this through the first 30 levels of recursion, we see that it starts to settle on approximately 1.6.

This seems to be tantalizingly close to the Golden Ratio, but does that make sense? Apparently it does.
The Golden Ratio
Mathworld has an excellent and extensive analysis on the Golden Ratio. From Mathworld, the Golden Ratio, φ, can be rewritten as a continued fraction with the smallest term in each of it’s infinitely many denominators

Which can be written as a recurrence equation,

which has the solution:

where Fn is the nth Fibonacci number. As a result,

The transfer function of nested feedback loops is,

which looks a lot like the nested continued fraction for the Golden Ratio, but with the first-order transfer function at the end of it.
Notice the numerators and denominators in the poles in the table above are all Fibonnacci numbers. Our sequence of poles can be rewritten as

here pi is the pole for the transfer function resulting from the i-th level of recursion. In the limit, this becomes,

So the pole of the first-order system in recursive feedback is the original pole times the Golden Ratio. Even though the pole and the zero are separated by a level of recursion, that is the pole for one level is the zero for the next, in the limit, as the level of recursion increases without bound, they both go to the Golden Ratio divided by the a1 gain term (times -1).