Has Macro Progressed?

There have been a number of recent papers arguing that there has been considerable convergence in macro research and to the good. This paper considers the question whether what has been converged to is good. Has progress been made in understanding how the macro economy works? It seems clear that there has been convergence. The "New" macro, which the author calls "Macro 2," dominates the macro literature, and there is little controversy in refereed journals about the appropriate methodology to use. There are two main criticisms that can be made regarding macro 2. The first is simply that its main message is not sensible. The second is that the models developed so far that follow its message are highly misspecified.