Real-time dynamics in Quantum Impurity Systems: A Time-dependent   Numerical Renormalization Group Approach
  We develop a general approach to the nonequilibrium dynamics of quantum impurity systems for arbitrary coupling strength. The numerical renormalization group is used to generate a complete basis set necessary for the correct description of the time evolution. We benchmark our method with the exact analytical solution for the resonant-level model. As a first application, we investigate the equilibration of a quantum dot subject to a sudden change of the gate voltage and external magnetic field. Two distinct relaxation times are identified for the spin and charge dynamics. 
Frithjof B. Anders and Avraham Schiller