Entanglement renormalization in free bosonic systems: real-space versus   momentum-space renormalization group transforms
  The ability of entanglement renormalization (ER) to generate a proper real-space renormalization group (RG) flow in extended quantum systems is analysed in the setting of harmonic lattice systems in D=1 and D=2 spatial dimensions. A conceptual overview of the steps involved in momentum-space RG is provided and contrasted against the equivalent steps in the real-space setting. The real-space RG flow, as generated by ER, is compared against the exact results from momentum-space RG, including an investigation of a critical fixed point and the effect of relevant and irrelevant perturbations. 
G. Evenbly, G. Vidal