We have obtained the equilibrium volumes, bulk moduli, equations of state of
the ferromagnetic cubic α and paramagnetic hexagonal ϵ phases
of iron in close agreement with experiment using an ab initio dynamical
mean-field theory approach. The local dynamical correlations are shown to be
crucial for a successful description of the ground-state properties of
paramagnetic ϵ-Fe. Moreover, they enhance the effective mass of the
quasiparticles and reduce their lifetimes across the α→ϵ
transition leading to a step-wise increase of the resistivity, as observed in
experiment. The calculated magnitude of the jump is significantly
underestimated, which points to non-local correlations. The implications of our
results for the superconductivity and non-Fermi-liquid behavior of
ϵ-Fe are discussed.Comment: 6 pages, 3 figure