translate English to French: Impact analysis — the value of cohesion policy Macroeconomic impact: 2000–2013 Macro-economic models provide important insights into the consequences of cohesion policy since, in principle at least, they are able to take account of the substitution, crowding out, multiplier and dynamic effects of policy, so enabling the net effects over the long-term to be estimated.
Les proﬁls couvrent les demandes de paiement jusqu’en 2006 inclus avec une répartition supposée égale du solde budgétaire entre 2007 et 2008.