Dynamical vertex approximation: A step beyond dynamical mean-field theory

We develop a diagrammatic approach with local and nonlocal self-energy diagrams, constructed from the local irreducible vertex. This approach includes the local correlations of dynamical mean-field theory and long-range correlations beyond. It allows us, for example, to describe (para)magnons and weak localization effects---in strongly correlated systems. As a first application, we study the interplay between nonlocal antiferromagnetic correlations and the strong local correlations emerging in the vicinity of a Mott-Hubbard transition.