We analyze the quality of the magnetic properties computed by a parameter f
ree density functional model (PBE0) obtained by combining the PBE generaliz
ed gradient functional with a predefinite amount of exact exchange. The res
ults are, at the least, competitive with those delivered by the most reliab
le functionals including heavy parametrization. The way in which the functi
onal is derived and the lack of empirical parameters fitted to specific pro
perties make the PBEO model a widely applicable method for both quantum che
mistry and condensed matter physics. (C) 1999 Elsevier Science B.V. All rig
hts reserved.