On the Running Gauge Coupling Constant in the Exact Renormalization   Group
  In this paper, we investigate the beta-function of the gauge coupling constant ($e$) of the gauged four-fermi theory in the Exact Renormalization Group (ERG) framework. It seems that the presence of the four-fermi interaction strongly affects to the naive RG running of the gauge coupling constant. We show that this strong correction has no physical meaning since the vertex $\app A\SR\psi$ involves the contribution from a mixing as well as a pure gauge interaction due to the (anomalous) mixing among the photon and the vector composite field. By introducing the auxiliary field for the vector composite field, the situation turns to be rather clear. We adopt the counterterm to cancel the gauge non-invariant correction, and decompose the pure gauge interaction from the contribution of the mixing. We find the beta-function of the gauge coupling constant in the large $N$ limit. 
Jun-Ichi Sumi