  Taking the competition and the mutual screening of various bosonic
fluctuations in correlated electron systems into account requires an unbiased
approach to the many-body problem. One such approach is the self-consistent
solution of the parquet equations, whose numerical treatment in lattice systems
is however prohibitively expensive. In a recent article it was shown that there
exists an alternative to the parquet decomposition of the four-point vertex
function, which classifies the vertex diagrams according to the principle of
single-boson exchange (SBE) [F. Krien, A. Valli, and M. Capone,
arXiv:1907.03581 (2019)]. Here we show that the SBE decomposition leads to a
closed set of equations for the Hedin three-leg vertex, the polarization, and
the electronic self-energy, which sums self-consistently the diagrams of the
Maki-Thompson type. This circumvents the calculation of four-point vertex
functions and the inversion of the Bethe-Salpeter equations, which are the two
major bottlenecks of the parquet equations. The convergence of the calculation
scheme starting from a fully irreducible vertex is demonstrated for the
Anderson impurity model.
