The dynamical mean-field theory is extended to study the
Hubbard model on a hypercubic lattice in infinite dimensions in the presence of a
time-dependent external field. The Keldysh-Green's function
formalism is employed to handle this nonequilibrium problem. Using the Floquet
theorem, it is shown that the local Green's function and the self-energy are
matrices in the energy-sidebands due to quasi-energy conservation modulo the external frequency.
A closed set of self-consistency equations is derived in the case of a driving field
with a small but finite wave vector. For a uniform field, this problem is solved numerically
using iterated perturbation theory. The local frequency-dependent Green's function and the self-energy
are obtained for different values of the field amplitude.
An effective spectral density and an effective distribution function are defined in the nonequilibrium case.
The iterated-perturbation results show, that the sidebands become more relevant with
increasing strength of the external field. In addition, the frequency-dependent optical conductivity
of the Hubbard model with a driving external field is derived.