We have augmented standard fMRI time series models with spatial priors to provide neuroscientists with more sensitive detection tools. This allows them to find subtle neuronal activations that would otherwise be obscured in experimental noise. The picture below shows bilateral activation of occipital cortex (in red) obtained using a spatial wavelet prior. This provides much better resolution than the standard approach of smoothing the data. My colleague Lee Harrison has used such methods to establish that anterior brain regions integrate information over longer time periods than posterior regions.
It is possible to assess the tuning curve of populations of sensory neurons using behavioural measures or fMRI. The images below show amplitude and tuning centres/widths of populations of cells in the human auditory cortex as identified using fMRI (Kumar et al, 2014).
My colleague Peter Zeidman has implemented a Toolbox for estimating PRFs from fMRI data.
What aspects of neuronal activity does the BOLD signal (the signal underlying most fMRI studies) reflect ? And how is the BOLD signal related to the MEG or EEG signal ? With my colleague Maria Duarte Rosa we have investigated these issues in the following papers. They provide evidence for the hypothesis that the BOLD signal increases as the Root Mean Square Frequency (RMSF) of the EEG. They also show that BOLD is dependent on both synaptic and spiking activity with the relative contribution changing as underlying cell populations increase their firing rate.