Bootstrap approximation for the exchange-correlation kernel of time-dependent density functional theory

A new parameter-free approximation for the exchange-correlation kernel $f_{\rm xc}$ of time-dependent density functional theory is proposed. This kernel is expressed as an algorithm in which the exact Dyson equation for the response as well as a further approximate condition are solved together self-consistently leading to a simple parameter-free kernel. We apply this to the calculation of optical spectra for various small bandgap (Ge, Si, GaAs, AlN, TiO$_2$, SiC), large bandgap (C, LiF, Ar, Ne) and magnetic (NiO) insulators. The calculated spectra are in very good agreement with experiment for this diverse set of materials, highlighting the universal applicability of the new kernel.