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Tensor network techniques for the computation of dynamical observables in 1D quantum spin systems

We analyze the recently developed folding algorithm [Phys. Rev. Lett. 102, 240603 (2009)] to simulate the dynamics of infinite quantum spin chains, and relate its performance to the kind of entanglement produced under the evolution of product states. We benchmark the accomplishments of this technique with respect to alternative strategies using Ising Hamiltonians with transverse and parallel fields, as well as XY models. Additionally, we evaluate its ability to find ground and thermal equilibrium states.