European Union’s Cohesion Policy aims to foster development and reduce disparities among regions by redistributing more than one-third of the European budget. Given the policy’s importance and complexity, an elaborated monitoring and evaluation system has been established. While attention has been dedicated to evaluating policy impact, the monitoring of inputs (i.e., allocated financial resources) has been limited to the control of financial dimensions (i.e., funds’ absorption rate). As the implementation process entails a sequence of steps, this research explores whether financial proxies alone are adequate to monitor the policy inputs. To test this hypothesis, a system dynamics model is built. Simulations highlight that the absorption rate captures shocks that might occur during the inputs’ expenditure with significant delay. To that end, we elaborate three novel operative monitoring indicators (i.e., funds’ demand, funds’ offer, procedural efficiency), which may overcome the financial indicators’ mono-dimensionality and time lags’ limitations.

欧盟的凝聚政策旨在通过重新分配超过三分之一的欧洲预算来促进发展并减少地区之间的差距。鉴于该政策的重要性和复杂性，已经建立了详细的监测和评估系统。虽然注意力一直集中在评估政策影响上，但对投入（即分配的财政资源）的监测仅限于对财务维度（即资金的吸收率）的控制。由于实施过程需要一系列步骤，因此本研究探讨了仅靠金融代理是否足以监控政策投入。为了检验这个假设，建立了一个系统动力学模型。模拟强调，吸收率捕获了投入支出期间可能发生的显着延迟的冲击。为此，