Truncated-unity parquet equations: Application to the repulsive Hubbard model

The parquet equations are a self-consistent set of equations for the effective two-particle vertex of an interacting many-fermion system. The application of these equations to bulk models is, however, demanding due to the complex emergent momentum and frequency structure of the vertex. Here, we show how a channel-decomposition by means of truncated unities, which was developed in the context of the functional renormalization group to efficiently treat the momentum dependence, can be transferred to the parquet equations. This leads to a significantly reduced numerical effort scaling only linearly with the number of discrete momenta. We apply this technique to the half-filled repulsive Hubbard model on the square lattice and present approximate solutions for the channel-projected vertices and the full reducible vertex.