We analyze the conditions under which synaptic learning rules based on action potential timing can be approximated by learning rules based on firing rates. In particular, we consider a form of plasticity in which synapses depress when a presynaptic spike is followed by a postsynaptic spike, and potentiate with the opposite temporal ordering. Such differen(cid:173) tial anti-Hebbian plasticity can be approximated under certain conditions by a learning rule that depends on the time derivative of the postsynaptic firing rate. Such a learning rule acts to stabilize persistent neural activity patterns in recurrent neural networks.