Heart failure (HF) is characterized by frequent decompensation phases. We hypothesized that: 1) decompensation results in dyspnea due to an increase in the respiratory effort, 2) respiratory effort causes further deterioration of HF. The study enrolled patients undergoing right heart catheterization. Pulmonary wedge pressure was separated into: respiratory wave (PRESP) and capillary transmural pressure (PCT). Remarkably, PRESP values were very high - up to 43 mmHg in HF patients, with high correlation between PRESP (surrogate of dyspnea) and PCT (r = 0.76). This raises the question of cause/consequence relationships. An increase in the wedge pressure intensifies the required respiratory work, since it elevates pulmonary capillary pressure, resulting in decreased lung compliance. On the other hand, intensified respiratory effort and larger PRESP increase the apparent LV afterload and are associated with more pronounced RA filling and lower LA filling that contribute to further lung congestion. The latter was indicated by the opposite modulation of the left and right atrial V-waves by respiration, which increased with the elevation of PRESP. The respiratory effort plays a pivot role in the cardiac decompensation vicious cycles.