B\"acklund transformations for fourth Painlev\'e hierarchies

B\"acklund transformations (BTs) for ordinary differential equations (ODEs), and in particular for hierarchies of ODEs, are a topic of great current interest. Here we give an improved method of constructing BTs for hierarchies of ODEs. This approach is then applied to fourth Painlev\'e ($P_{IV}$) hierarchies recently found by the same authors [{\em Publ. Res. Inst. Math. Sci. (Kyoto)} {\bf 37} 327--347 (2001)]. We show how the known pattern of BTs for $P_{IV}$ can be extended to our $P_{IV}$ hierarchies. Remarkably, the BTs required to do this are precisely the Miura maps of the dispersive water wave hierarchy. We also obtain the important result that the fourth Painlev\'e equation has only one nontrivial fundamental BT, and not two such as is frequently stated.