Pavel Ryska

Articles

Deflation and Economic Growth: The Great Depression as the Great Outlier

12/06/2017 Quarterly Journal of Austrian Economics Pavel Ryska

The Great Depression is the only period where deflation seems to be strongly associated with recession.

Efficiency Wages and Involuntary Unemployment Revisited

07/30/2014 Quarterly Journal of Austrian Economics Pavel Ryska Jan Průša

In this paper we tackle two shortcomings of the present efficiency wage models. Firstly, they do not fully account for labor heterogeneity, thus implying that high-effort and low-effort units of labor are interchangeable.

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