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Cortical responses, recorded by electroencephalography and magneto-encephalography, can be characterized in the time domain, to study event-related potentials/fields, or in the time–frequency domain, to study oscillatory activity. In the literature, there is a common conception that evoked, induced, and on-going oscillations reflect different neuronal processes and mechanisms. In this work, we consider the relationship between the mechanisms generating neuronal transients and how they are expressed in terms of evoked and induced power. This relationship is addressed using a neuronally realistic model of interacting neuronal subpopulations. Neuronal transients were generated by changing neuronal input (a dynamic mechanism) or by perturbing the systems coupling parameters (a structural mechanism) to produce induced responses. By applying conventional time–frequency analyses, we show that, in …