“…Importantly, compelling evidence suggests that a substantial portion of the spontaneous and evoked total and shared variability is attributable to global fluctuations (Ecker et al, 2014, 2016; Goris et al, 2014; Mochol et al, 2015; Pachitariu et al, 2015; Schölvinck et al, 2015; Arandia-Romero et al, 2016); and this has direct implications in neural coding in visual (Lin et al, 2015; Arandia-Romero et al, 2016; Ecker et al, 2016) and in auditory areas (Mochol et al, 2015; Pachitariu et al, 2015). For instance, high population activity in monkey V1 increases the information that a subset of neuronal ensembles carry about stimulus orientation, only the ones that show a strong multiplicative modulation.…”