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.
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