We apply the functional renormalization group method to the calculation of
dynamical properties of zero-dimensional interacting quantum systems. As case
studies we discuss the anharmonic oscillator and the single impurity Anderson
model. We truncate the hierarchy of flow equations such that the results are at
least correct up to second order perturbation theory in the coupling. For the
anharmonic oscillator energies and spectra obtained within two different
functional renormalization group schemes are compared to numerically exact
results, perturbation theory, and the mean field approximation. Even at large
coupling the results obtained using the functional renormalization group agree
quite well with the numerical exact solution. The better of the two schemes is
used to calculate spectra of the single impurity Anderson model, which then are
compared to the results of perturbation theory and the numerical
renormalization group. For small to intermediate couplings the functional
renormalization group gives results which are close to the ones obtained using
the very accurate numerical renormalization group method. In particulare the
low-energy scale (Kondo temperature) extracted from the functional
renormalization group results shows the expected behavior.Comment: 22 pages, 8 figures include