Functional renormalization group for nonequilibrium quantum many-body problems

We extend the concept of the functional renormalization for quantum many-body problems to nonequilibrium situations. Using a suitable generating functional based on the Keldysh approach, we derive a system of coupled differential equations for the m-particle vertex functions. The approach is completely general and allows calculations for both stationary and time-dependent situations. As a specific example we study the stationary state transport through a quantum dot with local Coulomb correlations at finite bias voltage employing two different truncation schemes for the infinite hierarchy of equations arising in the functional renormalization group scheme.