Time-dependent Gutzwiller theory for multiband Hubbard models.

Based on the variational Gutzwiller theory, we present a method for the computation of response functions for multiband Hubbard models with general local Coulomb interactions. The improvement over the conventional random-phase approximation is exemplified for an infinite-dimensional two-band Hubbard model where the incorporation of the local multiplet structure leads to a much larger sensitivity of ferromagnetism on the Hund coupling. Our method can be implemented into local-density approximation and Gutzwiller schemes and will therefore be an important tool for the computation of response functions for strongly correlated materials.