We have examined the importance of momentum-dependent-induced nucleon curre
nts such as weak-magnetism and pseudoscalar couplings to the amplitude of n
eutrinoless double beta decay (0 nu beta beta decay) in the mechanisms of l
ight and heavy Majorana neutrino, as well as in that of Majoron emission. S
uch effects are expected to occur in all nuclear models in the direction of
reducing the light neutrino matrix elements by about 30%. To test this we
have performed a calculation of the nuclear matrix elements of the experime
ntally interesting nuclei A=76, 82, 96, 100, 116, 128, 130, 136, and 150 wi
thin the proton-neutron renormalized quasiparticle random-phase approximati
on. We have found that indeed such corrections vary somewhat from nucleus t
o nucleus, but in all cases they are greater than 25%. In the case of a hea
vy neutrino the effect is much larger (up to a factor of 6). Combining our
results with the best presently available experimental limits on the half-l
ife of the 0 nu beta beta decay, we have extracted new limits on the effect
ive neutrino mass (light and heavy) and the effective Majoron coupling cons
tant. [S0556-2813(99)05610-1].