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Alexey Vedev was born on April 15, 1960 in Moscow.

In 1983, he graduated from the Faculty of Cybernetics at Moscow Engineering Physics Institute. In 1991, he took a course at Harvard University on using equilibrium models in economics. He also studied at International Institute for Applied Systems Analysis (IIASA, Vienna, Austria). He is a Doctor of Economics.

In 1985-1996, he was a senior research fellow at the CEMI RAS. From 1993 to 2006, he also worked as Editor-in-Chief of the journals Economic Development of Russia and Financial Markets Review.

In 1993-2014, he headed the Vedi Analytical Laboratory.

In 1996, he became a visiting professor at Hitotsubashi University, Tokyo, Japan. The same year he started working at DialogBank. He led the Information and Analytical Office, then the Sales and Customer Service Office of the Financial Markets Group and later was the Chief Economist.

Since 2004, he was heading the Center for Development economic research fund for three years. Until 2007, he served as a National Expert at Global Source Partners (New York, USA).

In 2007-2011, he was Director of the Center for Strategic Research at Bank of Moscow.

From 2011 to 2014, he was Financial Research Director at the Center for Strategic Research fund, Executive Vice President of the Association of Russian Banks, then Director of the Center for Structural Research at the Gaidar Institute for Economic Policy.

From August 2014 to February 2017, he served as Deputy Minister of Economic Development of the Russian Federation.

Since 2017, he has been a senior research fellow at the Financial Research Laboratory of the Gaidar Institute for Economic Policy and Head of the Structural Research Laboratory, IAER, RANEPA. He is a member of the working group of the Economic Council under the President of the Russian Federation focused on "Priorities of Structural Reforms and Sustainable Economic Growth".