Collective dynamics and shot-noise-induced switching in a two-population neural network

Neural mass models are a powerful tool for modeling of neural populations. Such models are often used as building blocks for the simulation of large-scale neural networks and the whole brain. Here, we carry out systematic bifurcation analysis of a neural mass model for the basic motif of various neural circuits, a system of two populations, an excitatory, and an inhibitory ones. We describe the scenarios for the emergence of complex collective behavior, including chaotic oscillations and multistability. We also compare the dynamics of the neural mass model and the exact microscopic system and show that their agreement may be far from perfect. The discrepancy can be interpreted as the action of the so-called shot noise originating from finite-size effects. This shot noise can lead to the blurring of the neural mass dynamics or even turn its attractors into metastable states between which the system switches recurrently.