Let $E(t)$ be the firing rate of an excitatory population and $I(t)$ be the firing rate of an inhibitory population. We model their evolution as \begin{align*} \tau_e\diff{E}{t} &= -E + \Phi(W_{ee}E - W_{ei}I + P_e)\\ \tau_i \diff{I}{t} &= -I + \Phi(W_{ie}E - W_{ii}I + P_i) \end{align*} where $\Phi(x)$ is a sigmoidal function with $\Phi'(x) \ge 0$, $\lim_{x \to -\infty} \Phi(x)=0$, and $\lim_{x \to \infty} \Phi(x) = M$. The $W_{jk}$ are positive coupling parameters, the $P_j$ are external inputs, the $\tau_j$ are positive time constants, and $M$ is a positive maximum firing rate.
Assume that $(E,I) = (E_0, I_0)$ is an equilibrium.