We develop a generally applicable method for constructing functions, ,
which have properties similar to Zamolodchikov’s -function, and are
geometrically natural objects related to the theory space explored by
non-perturbative functional renormalization group (RG) equations. Employing the
Euclidean framework of the Effective Average Action (EAA), we propose a
-function which can be defined for arbitrary systems of gravitational,
Yang-Mills, ghost, and bosonic matter fields, and in any number of spacetime
dimensions. It becomes stationary both at critical points and in classical
regimes, and decreases monotonically along RG trajectories provided the
breaking of the split-symmetry which relates background and quantum fields is
sufficiently weak. Within the Asymptotic Safety approach we test the proposal
for Quantum Einstein Gravity in dimensions, performing detailed numerical
investigations in . We find that the bi-metric Einstein-Hilbert truncation
of theory space introduced recently is general enough to yield perfect
monotonicity along the RG trajectories, while its more familiar single-metric
analog fails to achieve this behavior which we expect on general grounds.
Investigating generalized crossover trajectories connecting a fixed point in
the ultraviolet to a classical regime with positive cosmological constant in
the infrared, the -function is shown to depend on the choice of the
gravitational instanton which constitutes the background spacetime. For de
Sitter space in 4 dimensions, the Bekenstein-Hawking entropy is found to play a
role analogous to the central charge in conformal field theory. We also comment
on the idea of a $\Lambda$-$N$ connection' and the -bound’ discussed
earlier.

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