  In time-dependent density-functional theory, exchange and correlation (xc)
beyond the adiabatic local density approximation can be described in terms of
viscoelastic stresses in the electron liquid. In the time domain, this leads to
a velocity-dependent xc vector potential with a memory containing short- and
long-range components. The resulting time-dependent Kohn-Sham formalism
describes the dynamics of electronic systems including decoherence and
relaxation. For the example of collective charge-density oscillations in a
quantum well, we illustrate the xc memory effects, clarify the dissipation
mechanism, and extract intersubband relaxation rates for weak and strong
excitations.
