“…Since these types of calculations for magnetic materials are computationally expensive, very few DFT-based calculations, even for bulk systems, were performed [19,20], and it is only recently that a few groups have undertaken the task of calculating dynamical transverse magnetic response functions for bulk materials [21][22][23], thin films [24] and adatoms or nanostructures on surfaces [28,29]. Several studies based on empirical tight binding (ETB) theory and MBPT were published [25][26][27] which, although relying on the accuracy of fitting parameters, have advanced the understanding of many effects accompanying spin-excitations.…”