Geometric versus non-geometric rough paths
  In this article we consider rough differential equations (RDEs) driven by non-geometric rough paths, using the concept of branched rough paths introduced in Gubinelli (2004). We first show that branched rough paths can equivalently be defined as $\gamma$-H\"older continuous paths in some Lie group, akin to geometric rough paths. We then show that every branched rough path can be encoded in a geometric rough path. More precisely, for every branched rough path $\mathbf{X}$ lying above a path $X$, there exists a geometric rough path $\bar{\mathbf{X}}$ lying above an extended path $\bar X$, such that $\bar{\mathbf{X}}$ contains all the information of $\mathbf{X}$. As a corollary of this result, we show that every RDE driven by a non-geometric rough path $\mathbf{X}$ can be rewritten as an extended RDE driven by a geometric rough path $\bar{\mathbf{X}}$. One could think of this as a generalisation of the It\^o-Stratonovich correction formula. 
Martin Hairer and David Kelly
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